Funds can be debited from the user’s Spot, Funds or Earn accounts within the app.
The tool has no commissions and allows you to pay with more than 100 digital assets, such as bitcoin.
The largest bitcoin (BTC) and cryptocurrency exchange, Binance, launched its QR code payment function in Argentina.
This tool allows users of its platform make payments at merchants using your digital currency holdings.
The functionality, integrated into the mobile application of Binanceenables users scan any payment QR code accepted in the country (for example, from MercadoPagowhich is the most used platform) and pay directly with the balance of your Spot, Funds or Earn accounts.
Binance performs an automatic conversion of the selected digital currency to Argentine pesos at the exchange rate of the moment, without applying commissions for the transaction.
Andrés Ondarra, general manager of Binance for Argentina and the Southern Cone, he highlighted that this option seeks to integrate digital assets into daily life. The tool allows you to choose from more than 100 digital assets available on the platform to make payments.
This new modality is available exclusively to verified users of Binance in Argentina.
With this initiative, the company seeks to expand the use cases of cryptocurrencies in daily transactions, offering an alternative to traditional payment methods such as cash or cards.
As CriptoNoticias has reported, Binance is an exchange registered with the National Securities Commission in Argentina, so it acts in compliance with the regulatory standards required in that country.